Conte Charitable Foundation Corporation
EIN: 474987737 · Las Vegas, NV · NTEE: T11
| Metric | Value |
|---|---|
| Total Revenue | $1.5M |
| Total Expenses | $13K |
| Net Assets | $1.5M |
Is Conte Charitable Foundation Corporation Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Conte Charitable Foundation Corporation
Conte Charitable Foundation Corporation (EIN: 474987737) is a nonprofit organization based in Las Vegas, NV, classified under NTEE code T11. The organization reported total revenue of $1.5M and total assets of $3.0M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Conte Charitable Foundation Corporation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Conte Charitable Foundation Corporation is a mid-size nonprofit that has been operating for 9 years, with 5 years of IRS 990 filings on record (2019–2023). Revenue has grown at a compound annual rate of -88.1%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $1 |
| Total Expenses | $13K |
| Surplus / Deficit | $-12,601 |
| Total Assets | $1.5M |
| Total Liabilities | $1 |
| Net Assets | $1.5M |
| Operating Margin | -1260100.0% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 1473.9 months |
Financial Health Grade: B
In 2023, Conte Charitable Foundation Corporation reported a deficit of $13K with expenses exceeding revenue, holds 1473.9 months of operating reserves (strong position), has a debt-to-asset ratio of 0.0% (very low leverage).
Financial Trends
Over 5 years of filings (2019–2023), Conte Charitable Foundation Corporation's revenue has declined at a compound annual growth rate (CAGR) of -88.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +0.0% | -81.0% | +2459.3% |
| 2022 | -100.0% | +248.6% | -54.2% |
| 2021 | +14599900.0% | — | +2538.7% |
| 2020 | -100.0% | — | +0.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2017 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Conte Charitable Foundation Corporation has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Conte Charitable Foundation Corporation with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $13K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.0%.
Frequently Asked Questions about Conte Charitable Foundation Corporation
Is Conte Charitable Foundation Corporation a legitimate charity?
Conte Charitable Foundation Corporation (EIN: 474987737) is a registered tax-exempt nonprofit based in Nevada. It has 5 years of IRS 990 filings on record. Total revenue: $1.5M. No red flags identified. Financial health grade: B.
How does Conte Charitable Foundation Corporation spend its money?
Conte Charitable Foundation Corporation reported $1.5M in total revenue in IRS 990 filings. 5 years of filing data available. Expenses exceeded revenue in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Conte Charitable Foundation Corporation tax-deductible?
Conte Charitable Foundation Corporation is registered as a tax-exempt nonprofit (EIN: 474987737). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Conte Charitable Foundation Corporation located?
Conte Charitable Foundation Corporation is headquartered in Las Vegas, Nevada and files with the IRS under EIN 474987737. It is classified under NTEE code T11.
How many years of IRS 990 filings does Conte Charitable Foundation Corporation have?
Conte Charitable Foundation Corporation has 5 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $1.5M in total revenue.
Filing History
IRS 990 filing history for Conte Charitable Foundation Corporation showing financial trends over 5 years of public records:
Over 5 years of IRS 990 filings (2019–2023), Conte Charitable Foundation Corporation's revenue has declined by 100%, moving from $5K to $1. Total assets increased by 30857.6% over the same period, from $5K to $1.5M. In its most recent filing year (2023), Conte Charitable Foundation Corporation reported a deficit of $13K, with expenses exceeding revenue. The organization holds $1 in liabilities against $1.5M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $1.5M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $1 | $13K | $1.5M | $1 | — | View 990 |
| 2022 | $1 | $66K | $60K | $1 | — | View 990 |
| 2021 | $146K | $19K | $132K | $1 | — | View 990 |
| 2020 | $1 | $0 | $5K | $1 | — | — |
| 2019 | $5K | $0 | $5K | $1 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $1, expenses of $13K, and assets of $1.5M (revenue +0.0% year-over-year).
- 2022: Revenue of $1, expenses of $66K, and assets of $60K (revenue -100.0% year-over-year).
- 2021: Revenue of $146K, expenses of $19K, and assets of $132K (revenue +14599900.0% year-over-year).
- 2020: Revenue of $1, expenses of $0, and assets of $5K (revenue -100.0% year-over-year).
- 2019: Revenue of $5K, expenses of $0, and assets of $5K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Conte Charitable Foundation Corporation:
Data Sources and Methodology
This transparency report for Conte Charitable Foundation Corporation is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.